2016 Maryland Code
Business Regulation
Title 7 - Collection Agencies
Subtitle 3 - Licenses
§ 7-303. Approval or denial of application

MD Bus Reg Code § 7-303 (2016) What's This?

(a) Time limit. -- Within 60 days after an applicant submits an application for a license and pays the application fee, the Board shall approve or deny the application.

(b) Qualifications. -- To qualify for a license, an applicant shall satisfy the Board that the applicant is of good moral character and has sufficient financial responsibility, business experience, and general fitness to:

(1) engage in business as a collection agency;

(2) warrant the belief that the business will be conducted lawfully, honestly, fairly, and efficiently; and

(3) command the confidence of the public.

(c) Denial of application. -- The Board may deny an application for a license to any person who:

(1) has committed any act that would be a ground for reprimand, suspension, or revocation of a license under this subtitle; or

(2) otherwise fails to meet the requirements for licensure.

(d) Hearing. --

(1) The denial of an application under this section is subject to the hearing provisions of ยง 7-309 of this subtitle.

(2) An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the notice to the applicant of the applicant's right to a hearing.

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